Ministry of Commerce & Industry
INDIA’S MERCHANDISE TRADE: Preliminary Data, October 2020
India’s merchandise exports in October 2020 were USD 24.82 billion, as compared to USD 26.23 billion in October 2019, a fall of 5.4%.
India’s merchandise imports in October 2020 were USD 33.6 billion, as compared to USD 37.99 billion in October 2019, a decline of 11.56%.
India is thus a net importer in October 2020, with a trade deficit of USD 8.78 billion, as compared to trade deficit of USD 11.76 billion-Improvement by 25.34%.
Value of non-petroleum and non-gems and jewellery exports in October 2020 was USD 20.28 billion, as compared to USD 19.07 billion in October 2019, a positive growth of 6.34%.
Non-oil, non-GJ  imports were USD 22.83 billion in October 2020, as compared to USD 24.9 billion in October 2019, a negative growth of 8.31%.
Top 5 commodities of export which recorded positive growth during October 2020 vis-à-vis October 2019 are: Other Cereals , Rice , Oil meals , Iron Ore , Oil Seeds .
Top 5 commodity groups of import showing a fall in October 2020 over the corresponding month of last year are: Silver , Newsprint , Cotton Raw and Waste , Pulses, Transport equipment .
India’s merchandise exports in October 2020 were USD 24.82 billion, as compared to USD 26.23 billion in October 2019, showing a fall of 5.4%. Exports during April-October 2020-21 were USD 150.07 billion, exhibiting a decline of 19.05% over the same period last year.
The value of India’s merchandise imports in October 2020 was USD 33.6 billion, as compared to USD 37.99 billion in October 2019, a decline of 11.56%. Merchandise imports during April-October 2020-21 were USD 182.29 billion, as compared to USD 286.07 billion during the same period last year, exhibiting a negative growth of 36.28%.
India was thus a net importer in October 2020, with a trade deficit of USD 8.78 billion, as compared to trade deficit of USD 11.76 billion, an improvement by 25.34%.
In October 2020, the value of non-petroleum exports was USD 23.21 billion, registering a positive growth of 1.84% over October 2019. The value of non-petroleum and non-gems and jewellery exports in October 2020 was USD 20.28 billion, as compared to USD 19.07 billion in October 2019, registering a positive growth of 6.34%. The cumulative value of non-petroleum and non-gems and jewellery exports in April-October 2020-21 was USD 124.79 billion, as compared to USD 137.72 billion for the corresponding period in 2019-20, exhibiting a decrease of 9.39%.
In October 2020, Oil imports were USD 5.98 billion, as compared to USD 9.73 billion in October 2019, a decline by 38.52%. Oil imports in April-October 2020-21 were USD 37.84 billion, as compared to USD 74.93 billion, showing a decline of 49.5%.
Non-oil imports in October 2020 were estimated at USD 27.62 billion, as compared to USD 28.26 billion in October 2019, showing a decline of 2.26%. Non-oil imports in April-October 2020-21 were USD 144.45 billion, as compared to USD 211.14 billion, registering a decline of 31.59% during the same period of the last year.
Non-oil, non-GJ  imports were USD 22.83 billion in October 2020, recording a negative growth of 8.31%, as compared to non-oil and non-gold imports of USD 24.9 billion in October 2019. Non-oil and non-gold imports were USD 126.97 billion in April-October 2020-21, recording a negative growth of 29.28%, as compared to non-oil and non-gold imports of USD 179.55 billion in April-October 2019-20.
Major commodities of export which have recorded positive growth during October 2020 vis-à-vis October 2019 are: Other cereals , Rice , Oil meals , Iron ore , Oil seeds , Carpet , Cereal preparations and miscellaneous processed item , Ceramic products and glassware , Drugs and pharmaceuticals , Spices , Jute mfg. Including floor covering , Meat, dairy and poultry products , Handicrafts excl. Handmade carpet , Fruits and vegetables , Mica, coal and other ores, minerals including process , Cotton yarn/fabrics/made-ups, handloom products etc. , RMG of all textiles , Tobacco , Organic and inorganic chemicals , Tea .
Major commodities of export which have recorded negative growth during October 2020 vis-à-vis October 2019 are Petroleum products , Cashew , Gems and jewellery , Leather and leather manufactures , Man-made yarn/fabrics/made-ups etc. , Electronic goods , Coffee , Marine products , Plastic and linoleum , Engineering goods .
Major commodity groups of import showing positive growth in October 2020 over the corresponding month of last year are: Pearls, precious & Semi-precious stones , Fertilizers, Crude & manufactured , Gold , Sulphur & Unroasted Iron Pyrites , Project goods , Fruits & vegetables , Electronic goods , Medcnl. & Pharmaceutical products , Vegetable Oil , Metaliferrous ores & other minerals , Chemical material & products (2.00%.
Major commodity groups of import showing negative growth in October 2020 over the corresponding month of last year are: Silver , Newsprint , Cotton Raw & Waste , Pulses , Transport equipment , Leather & leather products , Petroleum, Crude & products , Pulp and Waste paper , Machine tools , Wood & Wood products , Textile yarn Fabric, made-up articles , Iron & Steel , Machinery, electrical & non-electrical , Professional instrument, Optical goods, etc. , Artificial resins, plastic materials, etc. , Coal, Coke & Briquettes, etc. , Organic & Inorganic Chemicals , Non-ferrous metals , Dyeing/tanning/colouring materials .
MERCHANDISE TRADE: Preliminary Data, October 2020
Summary Value in USD Billion
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Total
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Non-Petroleum
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Non- Petroleum and Non-Gems &Jewellery
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2019-20
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2020-21
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% change
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2019-20
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2020-21
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% change
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2019-20
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2020-21
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% change
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Exports
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|
26.23
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|
24.82
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-5.40
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|
22.79
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|
23.21
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1.84
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19.07
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|
20.28
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|
6.34
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Imports
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|
37.99
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|
33.60
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-11.56
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28.26
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27.62
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-2.26
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24.90
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|
22.83
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-8.31
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Deficit
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|
11.76
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8.78
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-25.34
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|
5.47
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4.41
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-19.38
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5.83
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|
2.55
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|
-56.26
Change by top Commodity Groups
Value in USD Million
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Top Increase in October 2020 as compared to October 2019
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Top Decline in October 2020 as compared to October 2019
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Commodity group
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Change in value
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% change
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Commodity group
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Change in value
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% change
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Export
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Drugs And Pharmaceuticals
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372.05
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21.82
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Petroleum Products
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-1835.58
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-53.30
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Rice
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359.82
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112.15
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Gems And Jewellery
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-790.40
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-21.27
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Organic And Inorganic Chemicals
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143.85
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73.89
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Leather And Leather Manufacturers
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-248.07
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-3.84
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Import
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Electronic Goods
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768.69
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16.12
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Petroleum, Crude & Products
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-3747.66
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-38.52
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Pearls, Precious & Semi-Precious Stones
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768.48
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50.47
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Transport Equipment
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-1459.42
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-56.32
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Gold
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660.15
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35.88
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Machinery, Electrical & Non-Electrical
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-462.62
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-15.63
YB/AP